Filed November 18, 2016
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| Provider | Service type | Compensation |
|---|---|---|
BMO HARRIS BANK NA1+ years Service code 15 · EIN 36-2085229 | Recordkeeping | $13,665 |
Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846 | Recordkeeping | $4,575 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,922 | $33,745+12.4% | $64,105-40.8% | $55,191-31.3% |
| Participation rate | 37.5% | 59.4%-21.9pp | 68.2%-30.7pp | 69.2%-31.7pp |
| Annual return | -2.79% | 4.95%-7.7pp | 791.24%-794.0pp | 10.78%-13.6pp |
| Employer contribution / active EE | $217 | $641-66.1% | $1,820-88.1% | $1,899-88.6% |
| Participant deferral / active EE | $1,392 | $1,929-27.8% | $2,822-50.7% | $3,046-54.3% |
| Admin fee / account holder | $51 | $94-46.1% | $4,499-98.9% | $91-44.0% |